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Coimbatore MSE Facilitation Council bags award for resolving issue of delayed payments to MSMEs

Coimbatore MSE Facilitation Council has bagged an award for settlement of delayed payments to Micro, Small and Medium-scale Enterprises (MSMEs). 

Union Minister for MSME Narayan Tatu Rane presented the award, given away by the Chamber of Indian MSMEs, to the Chairman of MSE Facilitation Council, Coimbatore. It was received by the General Manager of District Industries Centre, Coimbatore, B. Karthigaivasan, on behalf of the Industries Commissioner, at a function held in the national capital. 

B. Karthigaivasan said, “The Facilitation Council in Coimbatore heard 244 cases during the financial year 2021-2022 and of these, 29 were settled (Rs 5.48 crore) through mutual conciliation. Judgements were passed for another 149 cases for Rs 21 crore. The pending cases are carried over to this financial year”.

The MSE Facilitation Council is only for payment delays of more than 45 days to micro and small-scale units. Industries in these segments that have complaints of delayed payments can approach the council. Some cases take a few sittings to be settled. Details of the Council are available on https://samadhaan.msme.gov.in, he added.